Kalpataru Projects International Ltd secures new orders of Rs. 2774 crores

Kalpataru Projects International Limited (KPIL), one of the largest Engineering & Construction companies listed in India along with its international subsidiaries have secured new orders/notification of awards of ₹ 2,774 Crores.

The details of the aforesaid new orders are as follows:

- Orders in the Transmission & Distribution (T&D) business in overseas markets

- EPC project for Extension of Airport from Airports Authority of India (AAI)

- Design & Build project for residential building in India

Manish Mohnot, MD & CEO, KPIL, said, "We are pleased with the continuous ordering momentum especially in our Transmission & Distribution (T&D) and Buildings and Factories (B&F) business. The prestigious order from Airports Authority of India (AAI) will mark our entry in the growing domestic airport sector and further diversifies our clientele. The orders in the T&D and B&F business have further enhanced our market position and significantly strengthen our order book, thereby improving the growth visibility for these businesses going forward.

With the above order wins, our YTD order intake has reached around ₹ 9,800 Crores and additionally we have a greater business visibility. We continue to focus on delivering sustainable growth and improved profitably going forward."

Shares of Kalpataru Projects International Limited was last trading in BSE at Rs. 1352.95 as compared to the previous close of Rs. 1388.35. The total number of shares traded during the day was 5712 in over 779 trades.

The stock hit an intraday high of Rs. 1389.95 and intraday low of 1343.55. The net turnover during the day was Rs. 7748580.00.

Source : Equity Bulls

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